Midwest Minnesota Community Development Corporation

Business development: mmcdc provided commercial and new markets tax credit loans totaling $5,109,460 in 2024. This investment is expected to create 18 new jobs. It also supports purchase, construction, or improvement of 57,633 square feet of commercial real estate. 76% of the dollars were invested in disadvantaged communities, 56% in rural communities, and 27% of the borrowers were minority, or low-income owned or controlled businesses.

Affordable housing development: we managed 278 rental units (28 commercial and 250 residential) as well as a county eda's housing voucher program, providing 59 vouchers to people in need of stable housing.

Other programs: these are additional programs we fund and operate. They include homebuyer education, income tax services, and other projects that support our mission. They also include administrative, financial, and grant support to the organization.